Covid-19 pandemic puts 150 GW of PV, wind at risk in Asia
Up to 150 GW of PV and wind projects could be postponed or canceled throughout the Asia-Pacific region by 2024 if the coronavirus-triggered recession continues beyond the current year, according to new research by Wood Mackenzie.
MNRE to host Global RE-Invest 2020 digitally
Given Covid-19 spread, India’s ministry has decided to conduct the third Global Renewable Energy Investors Meet and exposition (3rd RE-Invest)—scheduled from October 15 to 17—on a digital platform. The ministry has sought proposals for an interactive IT platform to facilitate the same.
Mega-scale solar farms Vs distributed generation with battery storage
Distributed generation with battery storage can revolutionize solar development in India in the shortest time period with minimal investment.
Covid-19 lockdown: MNRE relaxes commissioning time for solar projects
A blanket extension equivalent to the period of lockdown and additional 30 days for normalisation after the end of the lockdown is allowed for completion of solar projects.
Indian electricity sector structural reforms get underway!
The draft Electricity Bill 2020 moves us with a toolbox of structural reforms, towards not only efficient but also a progressive electricity market.
MNRE backs multi-pronged approach to support solar sector
The Indian government is working on the creation of a Rs 10,000 crore (US$1.3 billion) alternative investment fund to provide payments to PV developers.
Government allows solar installation in Covid lockdown, industry to abide by safety protocols
The new guidelines on Covid-19 lockdown permit certain industrial activities, including the construction of renewable energy projects from April 20, 2020, in areas not identified as containment zones of the country. The industry will, however, have to abide by the safety protocols.
Mahindra Renewables completes sale of solar arm to CLP India
CLP India acquired Mahindra Renewables’ complete stake in Divine Solren for Rs 124.47 crore. Divine Solren is a special purpose vehicle formed by the Mahindra group to set up a 50 MW solar plant in Adilabad district of Telangana. The plant was commissioned in 2017.
Covid-19: Solar cell manufacturer CEL to make ICU ventilators, seeks partners
Central Electronics limited—India’s first silicon PV manufacturer—is looking to utilize its expertise and technical competency to ramp up the production of ICU ventilators in the country’s fight against Covid-19 pandemic. The public sector unit has invited global bids from ventilator manufacturers to select partners for production.
IREDA replaces SECI for 12 GW CPSU solar scheme
The financial lender will now oversee the implementation of the second phase of the Central Public Sector Undertaking (CPSU) Scheme which provides viability gap funding (VGF) support for state-run generators to set up 12 GW of solar projects using domestically-made equipment by FY 2022-23.
